Greater Roanoke Workforce Development Board FY2021 filing

Tax-deductible

Roanoke, VA501(c)(3)Human ServicesEIN 65-1163605

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Administer Workforce Development and training grants for Workforce area III of virginia.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$74K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $7K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$74K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $2K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$246K
53% of total assets
Fine: liabilities are 53% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
29
of 29 voting members
Looks good: 29 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
Spent
$1.8M
To programs
94%
Net assets
$221K
By yearFY2021–FY2025
Revenue
$1.8M
FY2021
Revenue by fiscal year
FY2021$1.8M
FY2022$1.6M
FY2023$2.4M
FY2024$2.7M
FY2025$2.5M
Expenses
$1.8M
FY2021
Expenses by fiscal year
FY2021$1.8M
FY2022$1.6M
FY2023$2.4M
FY2024$2.7M
FY2025$2.5M
Net assets
$221K
FY2021
Net assets by fiscal year
FY2021$221K
FY2022$210K
FY2023$220K
FY2024$230K
FY2025$206K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $1.7M Management & general 6% · $97K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

30 people listed on the 990; $74K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$73,761Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Morgan Romeo’s $83K as Executive Director is at the 20th percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021
Morgan Romeo$82,675$73,761

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Greater Roanoke Workforce Development Board executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Administers grants for workforce development and training in Virginia's Workforce Area III.

Provided by the organization

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1 program · $1.7M · in their own filed words · FY2020
01

To cultivate a dynamic workforce development system that stimulates economic development in the cities of covington, roanoke, and salem and the counties of alleghany, craig, botetourt, franklin, and roanoke.

$1.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$2K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.7M
Other incomeLn 4–11$45K
Investment incomeLn 3$6
Money outPt IX
$1.8M
Ln 25
Programscol B$1.7M
Managementcol C$97K
Owns and owesPt X
$221K
net assets · Ln 32
Cash and savingsLn 1–2$135K
Total assetsLn 16$466K
LiabilitiesLn 26$246K
PeoplePt VI, VII
30
listed · VII A
PaidVII A1
Voting boardVI 1a29
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Government grantsLn 1e$1.6M
Investment incomeLn 3$6
Other incomeLn 4–11$45K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$135K
Cash and savings togetherLn 1–2$135K
Other assetsLn 15$2K
Total assetsLn 16$466K
LiabilitiesLn 26$246K
Net assetsLn 32$221K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$143K$135K
Total assetsLn 16$450K$466K
LiabilitiesLn 26$228K$246K
Net assetsLn 32$222K$221K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$724K$664K$60K$0
Legal feesLn 11b$6K$873$6K$0
Accounting feesLn 11c$10K$435$10K$0
Advertising and promotionLn 12$150$0$150$0
Information technologyLn 14$98K$97K$1K$0
TravelLn 17$4K$3K$317$0
InsuranceLn 23$5K$4K$487$0
Other expenses (24a–d)Ln 24$825K$817K$7K$0
All other expensesLn 24e$81K$68K$12K$0
Total functional expensesLn 25$1.8M$1.7M$97K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.5M$2.5M−$24K$206K 990 PDF
FY2024 $2.7M$2.7M$10K$230K 990 PDF
FY2023 $2.4M$2.4M$10K$220K 990 PDF
FY2022 $1.6M$1.6M−$32K$210K 990 PDF
FY2021 Viewing $1.8M$1.8M−$2K$221K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $1,750,900 across 7 lines filed
VIII-1e Government grants$1,638,300
VIII-1f All other contributions, gifts and grants$67,553
VIII-1h Total contributions, gifts and grants$1,705,853
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $6$6
VIII-6 Net rental income or lossRelated to mission −$637−$637
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $45,678 · Unrelated business $0 · Excluded from tax $0$45,678
VIII-12 Total revenueRelated to mission $45,041 · Unrelated business $0 · Excluded from tax $6$1,750,900
Part IX · Statement of functional expenses $1,752,542 across 9 lines filed
IX-7 Other salaries and wagesPrograms $663,974 · Management $59,668 · Fundraising $0$723,642
IX-11b Legal feesPrograms $873 · Management $5,602 · Fundraising $0$6,475
IX-11c Accounting feesPrograms $435 · Management $9,690 · Fundraising $0$10,125
IX-12 Advertising and promotionPrograms $0 · Management $150 · Fundraising $0$150
IX-14 Information technologyPrograms $97,349 · Management $1,143 · Fundraising $0$98,492
IX-17 TravelPrograms $3,367 · Management $317 · Fundraising $0$3,684
IX-23 InsurancePrograms $4,196 · Management $487 · Fundraising $0$4,683
IX-24 Other expenses (24a–d)Programs $817,338 · Management $7,352 · Fundraising $0$824,690
IX-24e All other expensesPrograms $68,164 · Management $12,437 · Fundraising $0$80,601
IX-25 Total functional expensesPrograms $1,655,696 · Management $96,846 · Fundraising $0$1,752,542
Part X · Balance sheet $466,441 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $142,808$135,329
X-3 Pledges and grants receivableStart of year $235,775$278,677
X-4 Accounts receivableStart of year $68,465$15,982
X-9 Prepaid expenses and deferred chargesStart of year $1,554$34,705
X-15 Other assetsStart of year $1,748$1,748
X-16 Total assetsStart of year $450,350$466,441
X-17 Accounts payable and accrued expensesStart of year $222,308$172,750
X-25 Other liabilitiesStart of year $5,674$72,965
X-26 Total liabilitiesStart of year $227,982$245,715
X-27 Net assets without donor restrictionsStart of year $222,368$202,497
X-28 Net assets with donor restrictions$18,229
X-32 Total net assets or fund balancesStart of year $222,368$220,726
X-33 Total liabilities and net assetsStart of year $450,350$466,441
Part XI · Reconciliation of net assets $220,726 net assets at year end
XI-1 Total revenue$1,750,900
XI-2 Total expenses$1,752,542
XI-3 Revenue less expenses−$1,642
XI-4 Net assets at start of year$222,368
XI-10 Net assets at end of year$220,726

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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